India Inc's hiring dips 2% in May

June 18, 2009 18:27 IST

India Inc's hiring activity saw nearly 2 per cent drop in May over the previous month, with telecom and pharma sectors witnessing 12-14 per cent fall in the period, says a report by job portal naukri.com.

The overall job index of naukri.com declined by 1.9 per cent to 664 in May against 677 in April, the report said.

"Apart from IT, banking, real estate and retail, the other industries seemed to have bottomed out and we expect a recovery in the coming months," Hitesh Oberoi, COO and director, Info Edge said.

In an industry wise analysis of the hiring pattern, the telecom, pharma and technology saw a drop of 12 and 14 per cent, respectively, compared to the previous month.

The oil and gas sector saw a drop in hiring activity by 8 per cent in May compared to April, while banking and financial services were up by 7 per cent in May over the previous month.

Hiring activity in IT-software sector was down by 6 per cent and in IT-hardware & networking by 14 per cent in May compared to April, the report revealed.

Among industries seeing a upward trend, FMCG, foods and beverage saw an increase of 9 per cent over the previous month.